VIPcon: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
VIPcon
Largest movements
- Cash +€21,395
up €21,395 (+140.7%), from €15,207 to €36,602
mainly Net result for the year (+€23,679) and Debts after one year (+€5,774)
- Tangible fixed assets +€5,806
up €5,806 (+36.8%), from €15,784 to €21,590
of which Furniture and vehicles: +€6,876
- Receivables within one year -€4,631
down €4,631 (-22.3%), from €20,741 to €16,110
of which Other amounts receivable: -€4,436
- Receivables after one year -€1,812
no longer reported in 2025 (was €1,812)
- Intangible fixed assets -€1,576
down €1,576 (-23.0%), from €6,845 to €5,269
- Reserves +€13,500
up €13,500 (+113.8%), from €11,860 to €25,360
- Debts after one year +€5,774
up €5,774 (+77.4%), from €7,456 to €13,230
- Current portion of long-term debt -€2,280
down €2,280 (-35.0%), from €6,506 to €4,226
- Trade debts +€2,077
up €2,077 (+75.9%), from €2,737 to €4,814
- Tax, wage and social debts +€1,650
up €1,650 (+13.2%), from €12,493 to €14,143
- Gross operating margin +€3,171
up €3,171 (+9.4%), from €33,873 to €37,044
- Taxes +€781
up €781 (+10.2%), from €7,676 to €8,457
- Other operating charges -€677
down €677 (-52.0%), from €1,302 to €626
- Depreciation +€614
up €614 (+16.9%), from €3,629 to €4,242
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,980 | €84,669 | +€20,689 | +32.3% |
| Fixed assets | 21/28 | €22,629 | €26,859 | +€4,230 | +18.7% |
| Intangible fixed assets | 21 | €6,845 | €5,269 | -€1,576 | -23.0% |
| Tangible fixed assets | 22/27 | €15,784 | €21,590 | +€5,806 | +36.8% |
| Furniture and vehicles | 24 | €1,524 | €8,400 | +€6,876 | +451.2% |
| Other tangible fixed assets | 26 | €14,260 | €13,190 | -€1,070 | -7.5% |
| Current assets | 29/58 | €41,350 | €57,810 | +€16,459 | +39.8% |
| Amounts receivable after more than one year | 29 | €1,812 | - | -€1,812 | |
| Other amounts receivable | 291 | €1,812 | - | -€1,812 | |
| Amounts receivable within one year | 40/41 | €20,741 | €16,110 | -€4,631 | -22.3% |
| Trade receivables | 40 | €9,436 | €9,241 | -€195 | -2.1% |
| Other amounts receivable | 41 | €11,305 | €6,869 | -€4,436 | -39.2% |
| Cash at bank and in hand | 54/58 | €15,207 | €36,602 | +€21,395 | +140.7% |
| Deferred charges and accrued income | 490/1 | €3,590 | €5,097 | +€1,507 | +42.0% |
| Total equity and liabilities | 10/49 | €63,980 | €84,669 | +€20,689 | +32.3% |
| Equity | 10/15 | €23,493 | €37,172 | +€13,679 | +58.2% |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Outside capital | 11 | €8,200 | €8,200 | = | 0.0% |
| Other | 1109/19 | €8,200 | €8,200 | = | 0.0% |
| Reserves | 13 | €11,860 | €25,360 | +€13,500 | +113.8% |
| Distributable reserves | 133 | €11,860 | €25,360 | +€13,500 | +113.8% |
| Profit (loss) carried forward | 14 | €3,433 | €3,612 | +€179 | +5.2% |
| Amounts payable | 17/49 | €40,487 | €47,497 | +€7,011 | +17.3% |
| Amounts payable after more than one year | 17 | €7,456 | €13,230 | +€5,774 | +77.4% |
| Financial debts | 170/4 | €7,456 | €13,230 | +€5,774 | +77.4% |
| Amounts payable within one year | 42/48 | €32,736 | €34,027 | +€1,291 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €6,506 | €4,226 | -€2,280 | -35.0% |
| Financial debts | 43 | - | €844 | +€844 | |
| Credit institutions | 430/8 | - | €844 | +€844 | |
| Trade debts | 44 | €2,737 | €4,814 | +€2,077 | +75.9% |
| Suppliers | 440/4 | €2,737 | €4,814 | +€2,077 | +75.9% |
| Taxes, remuneration and social security | 45 | €12,493 | €14,143 | +€1,650 | +13.2% |
| Taxes | 450/3 | €12,493 | €14,143 | +€1,650 | +13.2% |
| Other amounts payable | 47/48 | €11,000 | €10,000 | -€1,000 | -9.1% |
| Accrued charges and deferred income | 492/3 | €294 | €240 | -€54 | -18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,629 | €4,242 | +€614 | +16.9% |
| Other operating charges | 640/8 | €1,302 | €626 | -€677 | -52.0% |
| Non-recurring operating charges | 66A | - | €309 | +€309 | |
| Gross operating margin | 9900 | €33,873 | €37,044 | +€3,171 | +9.4% |
| Operating profit (loss) | 9901 | €28,943 | €31,867 | +€2,925 | +10.1% |
| Financial income | 75/76B | €709 | €656 | -€53 | -7.5% |
| Recurring financial income | 75 | €709 | €656 | -€53 | -7.5% |
| Financial charges | 65/66B | €707 | €388 | -€320 | -45.2% |
| Recurring financial charges | 65 | €707 | €388 | -€320 | -45.2% |
| Profit (loss) for the period before taxes | 9903 | €28,944 | €32,136 | +€3,192 | +11.0% |
| Income taxes | 67/77 | €7,676 | €8,457 | +€781 | +10.2% |
| Profit (loss) for the period | 9904 | €21,268 | €23,679 | +€2,411 | +11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,268 | €23,679 | +€2,411 | +11.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.